Future Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
CRUDE OIL Jun 2022 (NYMEX:CL.M22)
Bull Market Weakness (+75) - CL.M22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on CL.M22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid CL.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for CL.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CL.M22
The long-term trend has been UP since Dec 16th, 2020 at 46.17
The intermediate-term trend has been UP since Nov 10th, 2020 at 43.79
The short-term trend has been DOWN since Feb 26th, 2021 at 54.98
Smart Scan Analysis for CL.M22
Based on our trend formula, CL.M22 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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